from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. Informal A plan or tactic intended to make a hostile corporate takeover prohibitively expensive, as one in which a company's stockholders are offered shares of stock at a bargain price in the event that a single suitor acquires a high percentage of the stock.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. Any strategy designed to produce negative results for an entity carrying out a takeover.
  • n. A provision in a bill that leads to people who would have supported it opposing it instead

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. the target company defends itself by making its stock less attractive to an acquirer


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